Futures Tick Value & Contract Specs Chart
Tick size, tick value and point value of 16 CME Group futures: the E-mini and standard contracts and their micros. Values are per contract, in US dollars, read from the CME Group spec pages on October 23, 2026. Open a contract for its full specs and worked examples, or price a trade in the futures calculator. When each contract expires and when to roll it: the futures rollover calendar. When the market is open, in your time zone: the futures trading hours.
| Contract | Tick size | Tick value | Point value (1.00 move) | Contract unit | Micro / mini pair | Exchange |
|---|---|---|---|---|---|---|
| Equity index | ||||||
| ES E-mini S&P 500 | 0.25 | $12.50 | $50 | $50 × S&P 500 Index | MES (ES = 10 × MES) | CME |
| MES Micro E-mini S&P 500 | 0.25 | $1.25 | $5 | $5 × S&P 500 Index | ES (MES = 1/10 of ES) | CME |
| NQ E-mini Nasdaq-100 | 0.25 | $5.00 | $20 | $20 × Nasdaq-100 Index | MNQ (NQ = 10 × MNQ) | CME |
| MNQ Micro E-mini Nasdaq-100 | 0.25 | $0.50 | $2 | $2 × Nasdaq-100 Index | NQ (MNQ = 1/10 of NQ) | CME |
| YM E-mini Dow | 1 | $5.00 | $5 | $5 × Dow Jones Industrial Average index | MYM (YM = 10 × MYM) | CBOT |
| MYM Micro E-mini Dow | 1 | $0.50 | $0.50 | $0.50 × Dow Jones Industrial Average index | YM (MYM = 1/10 of YM) | CBOT |
| RTY E-mini Russell 2000 | 0.1 | $5.00 | $50 | $50 × Russell 2000 Index | M2K (RTY = 10 × M2K) | CME |
| M2K Micro E-mini Russell 2000 | 0.1 | $0.50 | $5 | $5 × Russell 2000 Index | RTY (M2K = 1/10 of RTY) | CME |
| Metals | ||||||
| GC Gold | 0.1 | $10.00 | $100 | 100 troy ounces | MGC (GC = 10 × MGC) | COMEX |
| MGC Micro Gold | 0.1 | $1.00 | $10 | 10 troy ounces | GC (MGC = 1/10 of GC) | COMEX |
| SI Silver | 0.005 | $25.00 | $5,000 | 5,000 troy ounces | SIL (SI = 5 × SIL) | COMEX |
| SIL Micro Silver | 0.005 | $5.00 | $1,000 | 1,000 troy ounces | SI (SIL = 1/5 of SI) | COMEX |
| Energy | ||||||
| CL WTI Crude Oil | 0.01 | $10.00 | $1,000 | 1,000 barrels | MCL (CL = 10 × MCL) | NYMEX |
| MCL Micro WTI Crude Oil | 0.01 | $1.00 | $100 | 100 barrels | CL (MCL = 1/10 of CL) | NYMEX |
| Currency | ||||||
| 6E Euro FX | 0.00005 | $6.25 | $125,000 | 125,000 euros | M6E (6E = 10 × M6E) | CME |
| M6E Micro EUR/USD | 0.0001 | $1.25 | $12,500 | 12,500 euros | 6E (M6E = 1/10 of 6E) | CME |
Outright tick shown; calendar spreads and TAS/BTIC trade in other increments. Tick size, tick value and contract size come from the CME Group spec page. A second source, read the same day, confirms them: Barchart's contract profile (tick size and tick value) or, for MYM, M2K, MCL and M6E, TradingView (contract size).
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How to read the chart
Tick size is the smallest price step. Tick value is what that step pays or costs on one contract. Point value is what a 1.00 move in the price is worth: the tick value divided by the tick size.
P&L = (price move ÷ tick size) × tick value × contracts
Three worked examples (example moves, not quotes):
- MNQ: a 10-point move on 2 contracts = 40 ticks × $0.50 × 2 = $40.
- CL: a $0.25 move on 1 contract = 25 ticks × $10.00 = $250.
- 6E: 20 ticks on 1 contract = 20 × $6.25 = $125. A 6E tick is half a pip, so a 20-pip move (0.0020) is 40 ticks = $250.
Micro and mini contracts
Each micro is one tenth of its E-mini or standard contract, with the same tick size, so its tick value is a tenth too. Two exceptions: Micro Silver (SIL) is 1,000 ounces against 5,000 for SI, so it is a fifth; and M6E ticks in whole pips (0.0001) while 6E ticks in half pips (0.00005). The micro vs mini futures page converts between them.
FAQ
What is a tick value in futures?
A tick is the smallest price step a futures contract can move. The tick value is what one tick is worth in dollars on one contract. MNQ moves in 0.25-point ticks worth $0.50; ES moves in 0.25-point ticks worth $12.50.
What is the tick value of NQ and MNQ?
Both move in ticks of 0.25 index points. One NQ tick is $5.00 and one point is $20. One MNQ tick is $0.50 and one point is $2. MNQ is one tenth of NQ.
What is the gold futures tick value?
Gold (GC) moves in ticks of $0.10 per troy ounce on 100 ounces, so one tick is $10.00 and a $1.00 move is $100. Micro Gold (MGC) is 10 ounces: $1.00 per tick, $10 per $1.00 move.
Which futures have the smallest tick value?
In this chart, MNQ, MYM and M2K have the smallest tick value at $0.50 per tick. MGC and MCL are $1.00, MES and M6E are $1.25.
Do these values change with the price?
No. The tick size and tick value are fixed by the exchange in the contract specs. The dollar value of a whole contract (its notional value) does change with the price: it is the price times the point value. CME can change a tick size, as it did for Micro Silver (SIL) in 2020, so check the linked CME page before you trade.
Sources
CME Group contract specs, read on October 23, 2026:
- ES: E-mini S&P 500 Futures (CME 358)
- MES: Micro E-mini S&P 500 Index Futures (CME 353)
- NQ: E-mini Nasdaq-100 Futures (CME 359)
- MNQ: Micro E-mini Nasdaq-100 Index Futures (CME 361)
- YM: E-mini Dow Jones Industrial Average Index Futures (CBOT 27)
- MYM: Micro E-mini Dow Jones Industrial Average Index Futures (CBOT 28)
- RTY: E-mini Russell 2000 Index Futures (CME 393)
- M2K: Micro E-mini Russell 2000 Index Futures (CME 363)
- GC: Gold Futures (COMEX 113)
- MGC: Micro Gold Futures (COMEX 120)
- CL: Crude Oil Futures (NYMEX 200)
- MCL: Micro WTI Crude Oil Futures (NYMEX 309)
- SI: Silver Futures (COMEX 112)
- SIL: Micro Silver Futures (COMEX 121)
- 6E: Euro FX Futures (CME 261)
- M6E: Micro EUR/USD Futures (CME 292)